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Tuesday, August 08, 2006

Chinese Import of Russian Oil to Rise to 15 Mln Tones

08/08/2006 (12:34) RZD News - Chinese import of Russian oil is expected to rise to 15 million tones in 2006, while China imported 12.78 billion tones last year, said Chinese Deputy Minister of Trade Yu Guangzhou, as quoted on Tuesday by the Renmin Ribao newspaper. Russian oil deliveries to China are expected to be on the rise. According to the representative of the Chinese Ministry of Trade, the project of an oil pipeline is now on the drawing boards from the Russian border to China with an annual throughput capacity of 30 million tones. It will be 1,030 kilometers long, and only 63 kilometers of the total will run across the Russian territory. These 63 kilometers is a siding of the Eastern Siberia-Pacific oil pipeline, under construction now in Russia. The siding will run from the city of Skovorodino, Amur Region, the closest point to the Chinese border. The pipe will be built there by the end of 2008, reports ITAR – TASS.

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